The Private Equity group advised Sunstone Partners on the sale of its portfolio company, Onica, to Rackspace®.
Sunstone Partners is a growth equity firm focused on majority and minority investments in technology-enabled services and software businesses. Onica is a cloud consulting and managed services company, an Amazon Web Services (AWS) Partner Network (APN) Premier Consulting Partner and an AWS Managed Service Provider.
Sunstone Partners invested in Onica in 2017, providing the company’s first institutional capital. In just two-and-a-half years, Onica grew from 50 employees to more than 350 highly skilled consultants across North America.
For more details, read the press release.